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Matsui Construction CoTSE:1810 +1.73%62 Return-on-Tangible-Asset is 3.35% as of Mar. 2026, which is 6% below its 10-year median of 3.57. GuruFocus rates TSE:1810 with a GF Score™ of 62/100 and a GF Value™ of 円907.27 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,788 Construction companies, Matsui Construction Co ranks better than 65.21% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Matsui Construction Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円2,812 Mil. Matsui Construction Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円83,964 Mil. Therefore, Matsui Construction Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.35%.
The historical rank and industry rank for Matsui Construction Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:1810'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.57 Med: 3.57 Max: 6.27
Current: 5.37
During the past 13 years, Matsui Construction Co's highest Return-on-Tangible-Asset was 6.27%. The lowest was 1.57%. And the median was 3.57%.
TSE:1810's Return-on-Tangible-Asset is ranked better than 65.21% of 1788
companies
in the Construction industry
Industry Median: 3.095
vs TSE:1810: 5.37
Matsui Construction Co (TSE:1810) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Matsui Construction Co Return-on-Tangible-Asset Related Terms
Matsui Construction Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Matsui Construction Co's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Matsui Construction Co Return-on-Tangible-Asset Chart
TSE:1810 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Matsui Construction Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Matsui Construction Co Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Matsui Construction Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Matsui Construction Co's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.35% mean?
Matsui Construction Co (TSE:1810) has a Return-on-Tangible-Asset of 3.35% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Matsui Construction Co and its competitors. This is near median its historical median of 3.57. Over the past decade, Matsui Construction Co's Return-on-Tangible-Asset has ranged from 1.57 to 6.27. According to the industry distribution chart, Matsui Construction Co ranks #622 out of 1788 companies in the Construction industry, placing it in the top 34.8%.
Is Matsui Construction Co's Return-on-Tangible-Asset too high?
Matsui Construction Co's current Return-on-Tangible-Asset of 3.35% is near median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 6.27. The Construction industry median Return-on-Tangible-Asset is 3.10. Matsui Construction Co's value of 3.35% is 8.2% above this industry median. Based on the distribution chart, Matsui Construction Co ranks #622 out of 1788 companies in the Construction industry, which is above the industry midpoint. Overall, Matsui Construction Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matsui Construction Co's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Matsui Construction Co ranks #622 out of 1788 companies for Return-on-Tangible-Asset. This puts Matsui Construction Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.10. Matsui Construction Co's value of 3.35% is 8.2% above this benchmark. Historically, Matsui Construction Co's own Return-on-Tangible-Asset has ranged from 1.57 to 6.27 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 3.10, Matsui Construction Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.10, based on 1,788 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Matsui Construction Co's current Return-on-Tangible-Asset of 3.35% is 8.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Matsui Construction Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matsui Construction Co's current Return-on-Tangible-Asset is 3.35%, which is near median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsui Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Matsui Construction Co (TSE:1810) is currently considered Significantly Overvalued. The stock's GF Value™ is 円907.27, compared to a current price of 円1,466.00 — trading 61.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.35%, which is near median its 10-year median of 3.57 and 8.2% above the Construction industry median of 3.10. Matsui Construction Co's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Matsui Construction Co (TSE:1810), the current Return-on-Tangible-Asset is 3.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Matsui Construction Co (TSE:1810) Overvalued in 2026?
Based on GuruFocus' analysis, Matsui Construction Co stock appears to be overvalued.
The current stock price of 円1,466.00 is trading 61.6% above its estimated GF Value™ of 円907.27.
GuruFocus considers Matsui Construction Co to be Significantly Overvalued.
Key valuation signals for TSE:1810:
Return-on-Tangible-Asset: 3.35% (near median its 10-year median of 3.57)
GF Value™: 円907.27 vs. price of 円1,466.00 (61.6% above fair value)
Industry Position: 8.2% above the Construction median (#622 of 1788)
No single metric tells the full story. See the TSE:1810 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matsui Construction Co Ltd is engaged in the designing, supervision and contracting of civil engineering and architecture, sawing and wood working, manufacturing and sale of building materials and others.
62GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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